Cadence Care Network
- Assets
- $4.8m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 131
- Location
- Niles, OH
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 34-1645670
Organization Overview
Cadence Care Network is located in Niles, OH. The organization was established in 1992. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Cadence Care Network employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cadence Care Network is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Cadence Care Network generated $8.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $8.2m during the year ending 06/2022. While expenses have increased by 10.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PLACE DEPENDENT, ABUSED, NEGLECTED, AND DELINQUENT CHILDREN IN PRIVATE FOSTER HOMES AND TO PROVIDE COMMUNITY-BASED MENTAL HEALTH SERVICES TO CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PLACE DEPENDENT, ABUSED, NEGLECTED, AND DELINQUENT CHILDREN IN PRIVATE FOSTER HOMES. THIS INCLUDES, AMONG OTHERS, THE BRIDGES PROGRAM, WHICH EXTENDS HOUSING AND OTHER SUPPORTIVE SERVICES TO ELIGIBLE YOUNG ADULTS WHO LEAVE FOSTER CARE ON OR AFTER THEIR 18TH BIRTHDAY BUT ARE NOT YET 21. THIS PROGRAM IS INTENDED TO HELP FORMER FOSTER YOUTH SUCCESSFULLY TRANSITION TO INDEPENDENCE.
CADENCE CARE NETWORK ESTABLISHED THE CADENCE COFFEEHOUSE AND CREPERIE, WHICH HAD ITS GRAND OPENING IN JULY 2022. START-UP EXPENSES WERE INCURRED DURING THE FISCAL YEAR COVERED BY THIS RETURN. THIS ENTERPRISE SEEKS TO OFFER JOB TRAINING AND EMPLOYMENT OPPORTUNITIES FOR THE YOUTH SERVED BY CADENCE.
TO PROVIDE COMMUNITY-BASED MENTAL HEALTH SERVICES TO CHILDREN AND FAMILIES. (MEDICAID REVENUE IS REPORTED AS PROGRAM SERVICE REVENUE IN ACCORDANCE WITH IRS REGULATIONS.) THERE ARE PROGRAMS TO: PROVIDE CONSULTATION WITH DAYCARE PROVIDERS REGARDING MENTAL HEALTH ISSUES OF THEIR CLIENTS; COORDINATE WRAPAROUND SERVICES WITH FAMILY AND CHILDREN FIRST COUNCIL; PROVIDE RESILIENCY-BASED PROGRAMMING IN TRUMBULL COUNTY OHIO SCHOOLS; PROVIDE ADOLESCENT PEER SUPPORT EDUCATION AND COACHING; AND PROVIDE TRAINING, CONSULTATION, AND CRISIS INTERVENTION SERVICES TO STAFF AND YOUTH PLACED IN MAHONING COUNTY OHIO CHILDREN SERVICES GROUP HOMES.
IN FEBRUARY 2022, CADENCE CARE NETWORK WAS SELECTED BY THE OHIO DEPARTMENT OF MEDICAID TO IMPLEMENT THE OHIORISE PROGRAM. CADENCE WILL SERVE AS THE SPECIALIZED MANAGED CARE ORGANIZATION FOR CHILDREN WITH THE MOST COMPLEX BEHAVORIAL HEALTH NEEDS. CADENCE INCURRED START-UP EXPENSES DURING THE FISCAL YEAR COVERED BY THIS RETURN EVEN THOUGH THE PROGRAM WASN'T EFFECTIVE UNTIL JULY 1, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Riedel-Glaser President | OfficerTrustee | 1 | $0 |
Eric Martin Thru 52022 Trustee | Trustee | 1 | $0 |
Thomas Maley Treasurer | OfficerTrustee | 1 | $0 |
Andrew Thompson Secretary | OfficerTrustee | 1 | $0 |
Patricia Dreher Trustee | Trustee | 1 | $0 |
John Grundy Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,432,792 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,544,433 |
| Total Program Service Revenue | $6,498,441 |
| Investment income | $536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$60 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,091,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $217,892 |
| Compensation of current officers, directors, key employees. | $217,892 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,476,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $526,121 |
| Payroll taxes | $391,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,063 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,975 |
| Office expenses | $34,332 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,795 |
| Travel | $287,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,036 |
| Interest | $45,355 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,434 |
| Insurance | $68,992 |
| All other expenses | $146,699 |
| Total functional expenses | $8,221,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,094,552 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,061,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $283,305 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,518 |
| Net Land, buildings, and equipment | $1,581,337 |
| Investments—publicly traded securities | $698,948 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,221 |
| Total assets | $4,769,291 |
| Accounts payable and accrued expenses | $263,957 |
| Grants payable | $0 |
| Deferred revenue | $12,963 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $698,777 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,900,766 |
| Total liabilities | $2,876,463 |
| Net assets without donor restrictions | $1,892,828 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,769,291 |